Power Plant Control System Market Size & Analysis Report by Solution, By Plant Type and By Region – Global Opportunities & Forecast 2021-2028
Power Plant Control System Market Size & Analysis Report by Solution (SCADA, DCS, Programmable Controllers and Others), By Plant Type (Coal, Natural Gas, Oil, Hydroelectric, Nuclear and Renewable) and By Region
Power Plant Control System market was valued at USD 7,300 million in 2020 and is forecast to register a CAGR of 5.8% during forecast period (2021-2028), owing to the ability of power plant control systems to effectively manage the power plant operations within the production plant.
To have an edge over the competition by knowing the market dynamics and current trends of “Power Plant Control System Market”, request for Sample Report here
Major Power Plant Control System Market Drivers
The emerging need for zero downtime power supply solutions for crucial power applications is one of the major factors fueling the power plant control system market. The ability of power plant control system to increase the efficiency of turbine equipment, increases the productivity, fueling the market growth. Moreover, other factors such as rising energy usage, modernization, and upgradation of mature power plants are estimated to drive the market growth over the upcoming years. In addition, as per the Power Plant Control System market analysis, strategic government norms to encourage the adoption of industrial automation will propel the market demand. The growing expansion of power sector and increasing demand for power plant control systems by autonomous power producers are projected to offer enormous growth opportunities for the market. However, the lack of standardization of communication interfaces and protocols might lead to data misrepresentation and complicates the integration of systems, restraining the Power Plant Control System market size.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Solution – Segment Analysis
DCS solutions are anticipated to witness a promising growth over the upcoming years, owing to their ability to minimize installation costs and improve reliability, thus, provide remote supervision. In addition, the system redundancy, more advanced HMI, system safety, and scalable platform features of DCS solutions are anticipated to expand the segment’s growth.
Plant Type – Segment Analysis
Renewable plant-type is estimated to expand at a faster CAGR over the forthcoming years, owing to the increasing investment to encourage power generation from renewable sources such as wind, solar, etc. In addition, a significant decrease in capital expenditure needed to establish renewable projects like solar and wind have strengthened the segment growth. The growing demand for clean energy stands to be another major factor driving the renewable sector, thereby, propelling the expansion of power plant control system in the sector.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Asia Pacific is projected to witness a faster CAGR over the upcoming years, owing to the growing demand for a high-power supply as a result of rising population, rapid urbanization and industrialization. The increasing renewable power plants investments in South Korea, Japan, and China, are projected to strengthen the power plant control systems market in the Asia Pacific Region. For instance, as per the IBEF in Sep 2021, Bharat Heavy Electricals Limited (BHEL) successfully installed India’s largest floating Solar PV plant at NTPC Simhadri in Andhra Pradesh. Such factors will augment the market growth. The increasing number of coal power plants, followed by hydroelectricity and solar power plants will bolster the regional expansion. According to Climate Analytics, the Asia-Pacific region gauged for 76% of global coal-based electricity generation capacity.
Top Market Players
Various notable players operating in the market, include, ABB, General Electric, Siemens, Emerson Electric Co., Yokogawa India Ltd., Metso Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Toshiba International Corporation, among others.
Key Developments:
-
- In April 2021, Siemens Energy signed a contract with TSK, a Spanish (EPC) contractor for the Atinkou CCGT power plant project. Under this contract, Siemens is projected to provide its SPAA-T300 control system for a CCGT plant built in Jacqueville, Côte d’Ivoire.
- In 2020, Larsen and Toubro’s Electrical and Automation business division was acquired by Schneider in partnering with Temasek. Schneider Electric possesses 65% stake of L&T’s business division and the rest by Temasek. This acquisition is intended to strengthen the low-voltage offerings and the Industrial Automation business and will encourage Schneider Electric to expand in the Middle East, Africa, and East Asia as L&T offers strong R&D and engineering capabilities.
- In 2019, ABB introduced its Distributed Control System 800xA 6.1. The new DCS solution has introduced Ethernet I/O solutions, high-integrity controllers, and various engineering tools such as Ethernet I/O Field Kit and Ethernet I/O wizard for field commissioning.
- In March 2019, ABB introduced its Distributed Control System 800xA 6.1. The new DCS solution introduces high-integrity controllers, Ethernet I/O solutions, and a series of engineering tools such as Ethernet I/O Field Kit and Ethernet I/O wizard for field commissioning.
Segments covered in the Report:
The global Power Plant Control System Market has been segmented on the basis of Solution, Plant Type, and regions. Based on Solution, the market is segmented into SCADA, DCS, Programmable Controllers and Others. Based on Plant Type, the market is segmented into Coal, Natural Gas, Oil, Hydroelectric, Nuclear and Renewable.
For detailed scope of the “Power Plant Control System Market” report request a Sample Copy of the report
|
Report Coverage |
Details |
| Market Base Year |
2020 |
| Market Forecast Period |
2021-2028 |
| Market Revenues (2020) |
USD 7,300 Million |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Solution, By Plant Type, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | ABB, General Electric, Siemens, Emerson Electric Co., Yokogawa India Ltd., Metso Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Toshiba International Corporation, among others; a total of 10 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Power Plant Control System Market by Solution
-
- SCADA
- DCS
- Programmable Controllers
- Others
Global Power Plant Control System Market by Plant Type
-
- Coal
- Natural Gas
- Oil
- Hydroelectric
- Nuclear
- Renewable
Global Power Plant Control System Market by Region
-
-
North America Power Plant Control System Market (Option 1: As a part of the free 25% customization)
- By Solution
- By Plant Type
- US Market All-Up
- Canada Market All-Up
-
Europe Power Plant Control System Market (Option 2: As a part of the free 25% customization)
- By Solution
- By Plant Type
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Power Plant Control System Market (Option 3: As a part of the free 25% customization)
- By Solution
- By Plant Type
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Power Plant Control System Market (Option 4: As a part of the free 25% customization)
- By Solution
- By Plant Type
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
-
Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- ABB
- General Electric
- Siemens
- Emerson Electric Co.
- Yokogawa India Ltd.
- Metso Corporation
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Toshiba International Corporation
Frequently Asked Question About This Report
Power Plant Control System Market [UP2743-001001]
The growth rate of Power Plant Control System Market during forecast period is 5.8%
Accordion Sample DescThe top players in the Power Plant Control System Market are, ABB, General Electric, Siemens, Emerson Electric Co., Yokogawa India Ltd., Metso Corporation, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Toshiba International Corporation, among others. ription
The Asia Pacific region is expected to grow at a higher CAGR rate in the power plant control system market during the forecast period. Asia pacific is the fastest-growing regions in the world due to increasing urbanization, population and industrialization.
The DCS solutions is expected to grow at a higher CAGR rate in the power plant control system market during the forecast period. DCS solutions are used in large, complex power plants that are coal, gas, and oil-fired.
Why GMI Research
